Tanya Abrosimova
Independent Analyst
- The cryptocurrency market's carnage takes another twist on Monday.
- Bitcoin and major altcoins are nursing double-digit losses.
The optimism vanished into thin air as Bitcoin (BTC) and all major altcoins have been under aggressive selling pressure for the last three days. Monday has started with another bearish wave that took the total capitalization of all digital assets in circulation to as low as $272 billion from $311 billion this time on Sunday. The figure dropped below $300 billion handle for the first time n recent two weeks. Bitcoin's market share increased to 65.9% as altcoins are doing even worse.
Top-4 coins price overview
Bitcoin (BTC/USD) is hovering around $10,000 handle after sliding to $9,843 during early Asian hours. The first digital coin has touched the lowest level since July 2 amid strong bearish pressure. A sustainable move below $10,000 handle will worsen the technical picture significantly and become a pre-condition for an extended sell-off.
Ethereum, the second largest digital asset with the current market capitalization of $23. billion is a big loser of the day. ETH has lost nearly 20% of its value in recent 24 hours and hit $202.86 low during early Asian hours. At the time of writing, ETH/USD is changing hands at $216.80, moving within a strong bearish trend on the short0term timeframes.
Ripple's XRP has lost 9.1% since this time on Sunday to trade at $0.3018 by the time of writing. The third largest digital asset with the current market capitalization of $12.8 billion pierced below $0.30 handle and touched an intraday low at $0.2945.
Litecoin (LTC/USD), now the fourth largest digital asset in the global cryptocurrency rating with the current market value of $5.5 billion. At the time of writing, LTC/USD is changing hands at $88.40, having recovered from the intraday low of $84.85 hit during early Asian hours. The coin has lost nearly 1% in recent 24 hours.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
SEC doubles down on TRON's Justin Sun lawsuit dismissing claims over jurisdiction
The SEC says it has jurisdiction to bring Justin Sun to court as he traveled extensively to the US. Sun asked to dismiss the suit, arguing that the SEC was targeting actions taken outside the US.
XRP fails to break past $0.50, posting 20% weekly losses
XRP trades range-bound below $0.50 for a sixth consecutive day, accumulating 20% losses in the last seven days. Ripple is expected to file its response to the SEC’s remedies-related opening brief by April 22.
ImmutableX extends recovery despite $69 million IMX token unlock
ImmutableX unlocked 34.19 million IMX tokens worth over $69 million early on Friday. IMX circulating supply increased over 2% following the unlock. The Layer 2 blockchain token’s price added nearly 3% to its value on April 19.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?